8 - Entity A has withdrawn a loan from X bank and 4000 TL has been calculated as the loan expense (interest, commission, file fee) and added to the loan account. Which is the registration to be made? A) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 300 BANK CREDITS 4000 102 BANKS 4000 B) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 780 FINANCIAL EXPENSE 4000 300 BANK CREDITS 4000 C) THE CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 102 BANKS 4000 300 BANK CREDITS 4000 D) CODE AND NAME OF THE ACCOUNT WILL BE DEBT 770 GENERAL ADMINISTRATIVE EXPENSE 4000 300 BANK CREDITS 4000 E) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 653 COMMISSION EXPENSE 4000 300 BANK CREDITS 4000
8 - Entity A has withdrawn a loan from X bank and 4000 TL has been calculated as the loan expense (interest, commission, file fee) and added to the loan account. Which is the registration to be made? A) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 300 BANK CREDITS 4000 102 BANKS 4000 B) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 780 FINANCIAL EXPENSE 4000 300 BANK CREDITS 4000 C) THE CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 102 BANKS 4000 300 BANK CREDITS 4000 D) CODE AND NAME OF THE ACCOUNT WILL BE DEBT 770 GENERAL ADMINISTRATIVE EXPENSE 4000 300 BANK CREDITS 4000 E) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 653 COMMISSION EXPENSE 4000 300 BANK CREDITS 4000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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8 - Entity A has withdrawn a loan from X bank and 4000 TL has been calculated as the loan expense (interest, commission, file fee) and added to the loan account. Which is the registration to be made?
A) CODE AND NAME OF THE
300 BANK CREDITS 4000
102 BANKS 4000
B) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT
780 FINANCIAL EXPENSE 4000
300 BANK CREDITS 4000
C) THE CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT
102 BANKS 4000
300 BANK CREDITS 4000
D) CODE AND NAME OF THE ACCOUNT WILL BE DEBT
770 GENERAL ADMINISTRATIVE EXPENSE 4000
300 BANK CREDITS 4000
E) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT
653 COMMISSION EXPENSE 4000
300 BANK CREDITS 4000
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